John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
FINRA barred securities broker David Lee Jerke [CRD: 5129935, Tacoma, Washington] and an investor complained about him, according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. David Jerke worked for LPL Financial LLC from January 14, 2021, to December 23, 2024, and for Securities America Inc. from November 6, 2020, to January 14, 2021. Check out the following information about the allegations and regulatory disclosures involving this individual.
Particularly, a client filed a complaint about David Jerke. Supposedly, Jerke misappropriated funds by persuading the client’s power of attorney (POA) to lend him $200,000. Jerke allegedly initiated a transfer of funds from the client's LPL account to his account in connection with an investment opportunity he spoke of. The client alleged that these funds were subsequently lost to a scammer. Because of this, on March 28, 2025, LPL Financial LLC settled this matter by paying the client $200,000 in damages.
Specifically, on March 3, 2025, FINRA issued Case: 2024084491401 sanctioning David Jerke. Notably, Jerke was barred from associating with any FINRA member in all capacities. FINRA alleged that Jerke failed to comply with requests for documents and information during an active regulatory investigation.
On December 23, 2024, LPL Financial filed a Form U5 terminating Jerke’s registration, citing that he had solicited a loan from a client—an action in violation of firm policy.
Following the termination disclosure by LPL, FINRA initiated an investigation into Jerke’s conduct. On January 21, 2025, FINRA sent Jerke a request for documents and information pursuant to FINRA Rule 8210, which requires securities brokers to comply with such requests during the course of regulatory investigations.
Jerke did not provide the requested materials. In an email to FINRA on February 14, 2025, he acknowledged receipt of the request but confirmed he would not respond or submit the required documents.
By failing to cooperate with the investigation, Jerke violated FINRA Rule 8210 and FINRA Rule 2010.
Notably, Jerke consented to a Letter of Acceptance, Waiver, and Consent (AWC) with FINRA. Without admitting or denying the findings, he accepted a bar from associating with any FINRA member firm in any capacity. FINRA accepted the AWC on March 3, 2025.
Do you have concerns or questions about your investments with David Jerke? You can reach out to Soreide Law Group online or at (888) 760-6552 and speak to a securities attorney concerning a potential recovery. Soreide Law Group has years of experience recovering losses for clients located throughout the country. The firm also works on a contingency fee basis and advances all costs. Jerke and brokerage firms Jerke worked for deny allegations of sales practice violations.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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